Alston & Bird Consumer Finance ABstract

A&B to Host CFPB Servicing Enforcement Webinar on October 6

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On October 6, Alston & Bird will host "CFPB: Current Enforcement Measures Related to Mortgage Servicing," a webinar that will explore why there has been a discernible uptick in enforcement activity and how Director Kraninger’s continued focus on these activities affect Mortgage Servicing activities. The panelists will provide perspective on the dynamics of the CFPB’s Supervision, Enforcement and Fair Lending Division (SEFL) and factors used to weigh supervision vs. enforcement. The CFPB … [Continue reading] about A&B to Host CFPB Servicing Enforcement Webinar on October 6

Pennsylvania Court Invalidates Statewide Pandemic Restrictions

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State Capital

A&B ABstract:  In County of Butler v. Wolf, a federal court in Pennsylvania struck down as unconstitutional key aspects of the Pennsylvania Governor’s COVID-19 Emergency Order: limitations on the size of indoor gatherings and the “closure of all … [Continue reading] about Pennsylvania Court Invalidates Statewide Pandemic Restrictions

The Federal Moratorium On Residential Evictions Faces Constitutional Challenge

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A&B ABstract: Landlords in Tennessee have challenged the order of the Centers for Disease Control and Prevention (“CDC”) that imposed a nationwide moratorium on certain residential evictions. If sustained, the challenge could have a major impact … [Continue reading] about The Federal Moratorium On Residential Evictions Faces Constitutional Challenge

District Courts Split on Convenience Fees Under Debt Collection Laws

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Money

A&B ABstract: In a number of recent decisions, district courts have split on the issue of whether a mortgage servicer violates the Fair Debt Collection Practices Act (“FDCPA”) and related state debt collection statutes by charging a borrower a … [Continue reading] about District Courts Split on Convenience Fees Under Debt Collection Laws

New Jersey Releases Application Procedures for Student Loan Servicers

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A&B ABstract: As we have previously discussed, effective November 27, 2019, Senate Bill 1149 (2019 N.J. Laws 200) (the “Act”), creates New Jersey’s “Student Loan Bill of Rights” and prohibits any person from “act[ing] as a student loan servicer, … [Continue reading] about New Jersey Releases Application Procedures for Student Loan Servicers